Steel Re Rolling Mills In Pakistan Triluma

LAHORE: The Environment Protection Department (EPD) has sealed 55 units of furnaces and steel re-rolling mills in the provincial capital in the last five days for creating pollution that contributed to the “smog” that has been enveloping the region for many days...

Those associated with these businesses complain that the sealing operation has been carried out without serving any prior notices to the owners, which they say resulted in...

ISLAMABAD: The Nat­ional Assembly’s Standing Committee on Industries and Production on Thursday recommended that the case related to the closure of Pakistan Steel Mills (PSM) because of unexplained suspension of gas supply to it and illegal withdrawal of salaries of retired employees be forwarded to the National Accountability Bureau (NAB) for investigation...

“There are deliberate efforts to des­troy steel production in the country...

KARACHI: The land of Pakistan Steel Mills (PSM) belongs to the people of Sindh and we would never sell it to settle the liabilities of the mill, Sindh Chief Minister Syed Murad Ali Shah said on Tuesday...

”Recalling that the provincial government had given land to the federal government for establishing a steel mill complex in 1970s, the chief minister said that the federal government, after failing to run the mill professionally, has...

KARACHI: The Pakistan Steel Mills (PSM) has constantly been defaulting on its payments to the Sui Southern Gas Company (SSGC), said SSGC in a press statement released on Saturday...

The spokesperson for SSGC commented that the Pakistan Steel Mills stood today at a staggering default of Rs35 billion, which has made it difficult for the gas utility to finance its programs of strategic nature, including pipeline augmentation projects...

ISLAMABAD: As Pakistan Steel Mills (PSM) continues to pile up liabilities, the government is considering leasing the country’s largest industrial complex to a private concern for 45 years under a revenue sharing arrangement, and laying off almost 5,000 employees...

The National Assembly's Standing Committee on Industries and Production has said it will not approve the Privatisation Commission board's proposal to lease out Pakistan Steel Mills (PSM) for 30 years until it receives further details on the issue...

KARACHI: As the financial health of Pakistan Steel Mills (PSM) continues to deteriorate, the grievances of its serving and retired employees have increased manifold — with no respite in sight any time soon...

The staff of Pakistan Steel Mills — which falls under the federal government — has been deprived of the yearly pay hike for the last many years owing to the precarious financial condition of the mill...

A Chinese firm has expressed interested in the sale of Pakistan Steel Mills (PSM) as the PML-N speeds up the privatisation process on the back of International Monetary Fund reservations over the matter...

ISLAMABAD: Chinese and Iranian state-owned companies are interested in taking over loss-making Pakistan Steel Mills (PSM) as part of a long-term lease deal, Privatisation Commission Chairman Mohammad Zubair said on Wednesday...

Built by the Soviet Union in 1970s, state-owned PSM has become a huge drain on government resources and shuttered steel production in 2015...

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah expressed deep concerns over the discontinuation of gas supply to Pakistan Steel Mills (PSM) to be effective from July 28 and directed the managing director of Sui Southern Gas Company (SSGC) to ensure uninterrupted supply, as well as maintain production levels...

ISLAMABAD: The Pakistan Steel Mills (PSM) has sought urgent help of the federal government to recover more than 1,800 acres of land from the Sindh government and private parties amid the Centre’s efforts to dole out pricy land near Karachi’s Bin Qasim Port for ‘selective’ settlement of liabilities on the balance sheet of the sick unit...

It has warned the government not to transfer the expensive land to the National Bank of Pakistan...

Taking note of the Pakistan Steel Mills (PSM) seeking the federal government's help to sell the land that is currently under control of the Sindh government, chief minister Murad Ali Shah said on Tuesday that his government will not back off from its claim over the land...

The centre wants the PSM to transfer its land to the National Bank of Pakistan (NBP) and the Sui Southern Gas Company Limited under a “Liability Settlement Plan”...

Cement companies have invested in expanding operations in anticipation of burgeoning demand owing to construction activity under the China-Pakistan Economic Corridor and the growth in housing projects...

And the steel industry is catching up fast with the expected rise in demand...